# Forex 8:30 AM: Yen Steady in Mid-157 Range, Rises Against Euro

> Early Tokyo trading on 2 November showed the yen flat around ¥157.58-60 per dollar, 3 sen weaker than Friday's close, as investors positioned ahead of the US midterm election count. The yen gained against the euro, trading near ¥175.89-92, while the euro weakened against the dollar on French fiscal concerns.

- Date: 2026-11-02 · published 2026-11-02T21:27:10.793Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/76206-forex-8-30-am-yen-steady-in-mid-157-range-rises-against-euro
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Yen weakness against the dollar keeps Japanese import costs for US-priced feed ingredients elevated, while the euro's dip against the dollar lowers the dollar cost of euro-zone-sourced feed inputs.

## Read by commodity

- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | +1.7% | +3.6% |
| EURUSD | 2019-01-21 | [Euro Exchange Rates Run Out Of Steam, German PPI Misses, ECB In Focus](https://feedsoft.ai/events/61309-euro-exchange-rates-run-out-of-steam-german-ppi-misses-ecb-in-focus.md) | +0.7% | -0.3% |
| EURUSD | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.1% | +1.4% |
| EURUSD | 2016-12-09 | [Euro, yen fall as dollar momentum builds again](https://feedsoft.ai/events/73650-euro-yen-fall-as-dollar-momentum-builds-again.md) | -2.4% | -0.5% |
| EURUSD | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.2% | +1.7% |

## Sources

- nikkei.com: https://www.nikkei.com/article/DGXZQOFL020500S6A101C2000000/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.